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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1045739	Etelos Inc.	ETLO	Services-Prepackaged Software (7372)	770407364

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1434703	W. Donald Morissette	4230 Galewood Suite 100 Lake Oswego OR 97035		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-01-25	375,000	$0.00	9,728,650	No	4	P	Indirect	Don Morissette LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Don Morissette LLC

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	10% Convertible Debentures	Acquisiton	2010-01-25	0	$0.00	500,000	$0.50
Common Stock	Common Stock Warrant (Right to Buy)	Acquisiton	2010-01-25	375,000	$0.00	375,000	$0.60

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2010-01-25		No	4	P	Indirect
375,000	2010-01-25	2014-09-30	No	4	P	Indirect

Footnotes

Don Morissette LLC is wholly owned by the Reporting Person.
The 10% Convertible Debenture is convertible at any time to Common Stock at $0.50 per share, and expires upon repayment and maturity date September 30, 2011.
The reported securities are included within securities purchased by the reporting person. The securities consist of: (i) 10% convertible debenture in the principal amount of $250,000, (ii) warrant to purchase 375,000 shares of common stock; and, (iii) 375,000 shares of common stock.